UFO Moviez plans to raise Rs 600 cr via IPO; issue opens on Apr 28
27/04/2015 14:55
Country’s largest digital cinema distribution network and in-cinema advertising platform UFO Moviez India Limited is going to launch mega public offering of its shares, starting April 28 with the issue closing on April 30. The company, which proposes to raise Rs 600 cr through IPO, intended to use the proceed to achieve the benefits of listing the equity shares on the stock exchanges and for the sale of equity shares by the selling shareholders. The price band is fixed from Rs 615 to Rs 625 per equity share, 61.5 times of its face value on the lower side and 62.5 times on the higher side. Axis Capital and Citigroup Global Markets India are the book running lead managers to the issue. The company in its red herring prospectus mentioned that 35 per cent of the issue would be reserved for retail investors, while not more than 50 per cent of the issue will be allocated to Qualified Institutional Buyers (QIBs), including 5 per cent to the mutual funds.
27/04/2015 14:55
Country’s largest digital cinema distribution network and in-cinema advertising platform UFO Moviez India Limited is going to launch mega public offering of its shares, starting April 28 with the issue closing on April 30. The company, which proposes to raise Rs 600 cr through IPO, intended to use the proceed to achieve the benefits of listing the equity shares on the stock exchanges and for the sale of equity shares by the selling shareholders. The price band is fixed from Rs 615 to Rs 625 per equity share, 61.5 times of its face value on the lower side and 62.5 times on the higher side. Axis Capital and Citigroup Global Markets India are the book running lead managers to the issue. The company in its red herring prospectus mentioned that 35 per cent of the issue would be reserved for retail investors, while not more than 50 per cent of the issue will be allocated to Qualified Institutional Buyers (QIBs), including 5 per cent to the mutual funds.
